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Impact of Housing Prices on Unemployment
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The study attempted to identify if there was a statistically significant link between the unemployment rate in the U.S. and the change in average costs for houses in the U.S. Using data collected by the Federal Reserve and a ordinary least sum regression, it was determined that there was a statistically significant link where upon a 1 % increase in house prices indexed to 1/1/2012 caused a 0.056% decrease in unemployment.
Fort Hays State University
Title: Impact of Housing Prices on Unemployment
Description:
The study attempted to identify if there was a statistically significant link between the unemployment rate in the U.
S.
and the change in average costs for houses in the U.
S.
Using data collected by the Federal Reserve and a ordinary least sum regression, it was determined that there was a statistically significant link where upon a 1 % increase in house prices indexed to 1/1/2012 caused a 0.
056% decrease in unemployment.
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